Decentralized finance is a new area of financial market development consisting of services based on smart contracts operating without intermediaries based on the distributed ledger technology – DLT. Over the last several months, this sector has recorded a very dynamic growth, measured both by the value of capital employed and the complexity of new solutions.

The authors of the report “DeFi – understand decentralized finance” are trying to answer the question what are decentralized finance and why they can change the financial system known to us.

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